Camobarbie4492 Camobarbie4492
  • 01-07-2017
  • Business
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A demand curve that is horizontal indicates that the commodity

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meerkat18
meerkat18 meerkat18
  • 14-07-2017

When a product has a horizontal demand curve, it means that its elasticity is said to be perfectly elastic. When the price of a perfectly elastic good or service rises above the market price, the amount demanded falls to zero. With perfect elasticity, consumers merely aren’t willing to spend more than a detailed price for a good or service. Meaning that the product has many substitutes.

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